Big changes are happening at Realogy Holdings Corp. (NYSE:RLGY), which makes the stock worth watching today. The company is among the top losers of the stock market today, sinking -3.16% or (-0.26 points) to $7.96 from its previous close of $8.22. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 1006786 contracts so far this session. RLGY shares had a relatively better volume day versus average trading capacity of 3.22 million shares, but with a 0.11 billion float and a -2.84% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for RLGY stock indicates that the average analyst price target is $10.86 per share. This means the stock has a potential increase of 36.43% from where the RLGY share price has been trading recently which is between $8.02 and $8.33. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $8.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “ERA Real Estate Expands Florida Presence Through Affiliate’s Growth” and dated May 15, 2019.
During the recent trading session for Realogy Holdings Corp. (NYSE:RLGY), the company witnessed their stock drop by $-0.34 over a week and tumble down $-4.81 from the price 20 days ago. When compared to their established 52-week high of $25.08, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/13/18. The recent low of $7.93 stood for a -68.26% since 05/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.55 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Realogy Holdings Corp., the two-week RSI stands at 21.92. This figure suggests that RLGY stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current RLGY readings is similarly very revealing as it has a stochastic reading of 3.19% at this stage. This figure means that RLGY share price today is being overbought.
Technical chart claims that Realogy Holdings Corp. (RLGY) would settle between $8.36/share to $8.5/share level. However, if the stock price goes below the $8.05 mark, then the market for Realogy Holdings Corp. becomes much weaker. If that happens, the stock price might even plunge as low as $7.88 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.33. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Compass Point lowered their recommendation on shares of RLGY from Neutral to Sell in their opinion released on May 03. Compass Point analysts bumped their rating on Realogy Holdings Corp. (NYSE:RLGY) stock from Sell to Neutral in a separate flash note issued to investors on April 10. Analysts at Compass Point lowered the stock to a Sell call from its previous Neutral recommendation, in a research note that dated back to February 27.
RLGY equity has an average rating of 3.25, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Realogy Holdings Corp. (NYSE:RLGY) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, RLGY stock price is currently trading at 6.86X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.75 while for the average stock in the same group, the multiple is 1.31. Realogy Holdings Corp. current P/E ratio of 19.38 means it is trading at a discount against its industry’s 22.41. In the past 5 years, this ratio for the stock has been fluctuating between 16.56 and 45.8.
Realogy Holdings Corp. (RLGY)’s current-quarter revenues are projected to climb by nearly -4.35% to hit $1.74 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -2.02% from $6.08 billion to a noteworthy $5.96 billion. At the other end of the current quarter income statement, Realogy Holdings Corp. is expected to see its adjusted earnings surge by roughly -18% to hit $0.82 per share. For the fiscal year, RLGY’s earnings are projected to climb by roughly -22% to hit $1.17 per share.